By Eran Hildesheim 450 women and men, including former Supervisor of Banks Yoav Lehman, filled the hall to capacity Alliance School in Tel Aviv rally support for Israel's mighty change tri county flea market in monetary tri county flea market policy. Conference addressed by key activists in motion, Professor of Economics Yehuda Kahane, chairman of the committee Economics and former senior World Bank MK Avishay Braverman and his committee MK Moshe Feiglin. Monetary tri county flea market change conference yesterday expressed full support Feiglin movement struggle against the monopoly of the banks on the money manufacturing and expressed willingness to help promote change in the Knesset. On solutions, announced that examine other solutions besides the subject came up traffic. He expressed his amazement the facts presented during the conference indicated that above one-quarter of the state budget consists of debts and interest.
Post published Feiglin, and received hundreds of shares on the network, tri county flea market referred to convene in order to change the system of monetary Israel: "Where did the money that we use? When I was a kid I thought he came from the government, the Bank of Israel printing and dispensing as in 'Monopoly'. Then explained to me that the banks are accompanied public what their savers who deposit - and earn the difference between the interest they pay depositors, the interest they charge borrowers. Turns out it really is not. Bank of Israel printing (produces) a fraction of the money going around our economy. Who creates the money really, these commercial banks. Yes, you heard right, not Mel hooks banks have money, they mainly make money from the air and just type the borrowers account amounts, of course, will get money back with interest. This story is profound. After all, in order to repay the principal and interest are needed in a larger quantity of money in the market - that is, banks must make more money, so they really do. Money supply is growing, tri county flea market the value goes down, and we of course more work to transfer wealth at the end of the process the company's tri county flea market top of the pyramid. One implication of this process is that you can not really lower housing prices, tri county flea market since such a drop would lead to the collapse of the banks. I do not necessarily support all traffic solutions tri county flea market are monetary change - there are also other offers tri county flea market - but the problem is important in Method overwhelm the existing monetary and environmental stimulate public discussion. "Ben Dyson, a leader of the movement to change the monetary England for the delegates passed a special message shown on the main screen Baulm.diison global progress report on the subject of change in monetary policy, data were presented during the evening transition economy proving that money is not created in bank debt, Israel will almost immediately 38 billion is designated for interest payments on its debt. Calculated presented at by movement activist tri county flea market Assaf Morag (see slideshow below), can this amount abolish all taxation of real estate (and thus downloaded by tens of percent of the price of housing) as well as to allow free study at universities and save the education system and health. Eran Hildesheim. Breaking Myths about money in full presentation:
Plots price reductions really change tri county flea market consumer housing prices? As far as I know, the price is determined by the balance between supply and demand. Whether the lot prices will drop, but will not change the supply and demand balance will remain the same and therefore the price will remain the same. Means that the contractor would collect the difference. Did not you? Reply Delete
Dear Shmuel, supply and demand are affected tri county flea market by environmental conditions. For example when real estate becomes an attractive investment (due to falling interest rates, for example) demand increases. While to make money, real estate and aggressively marketed ever-rising standards, increasing demand for housing Gboh.hteorih standards of supply and demand, but is unable to correctly describe the situation as a whole . Beyond that tax cuts also lower the price regardless Lbiks-supply. tri county flea market As soon as you need for the government to pay interest, it will be able to reduce taxes. One last thing, the cost Hmimon- bank receives compensation tri county flea market for construction financing - Compensation in the form of interest. Once you've downloaded the cost of financing, the price of houses down. P Delete
Thank you. I understand the impact of interest tri county flea market rates on demand. My argument is Slrcib of lowering the price of land to the contractor will not be contributing to the price to the consumer. Given only be lowering the price of land, you will be a reduction in the consumer thinks? Can you explain why lowering the tax / price regardless lowers land supply and demand? Thank you. Delete
Since most apartments are acquired through mortgage market, housing prices are determined tri county flea market by the amount of money that banks "create" tri county flea market for the purchase of apartments. In recent years, low interest rates and bank handing out mortgages easily, so house prices are rising. If you take from the banks the right to create money out of nothing, the public can take a huge mortgage but depending on the ability to buy an apartment, then housing prices actually determined only by supply and demand rather than by the amount of money that banks produce, as is happening today. Delete
Again - the relationship between tri county flea market interest rates and money supply and the price, I understand. Interest rate affects the demand. When it is better to save on high interest rates and invest in Real Estate. Terrific. That I understand. tri county flea market But if you do not change anything tri county flea market except the contractor pitch cost component - it still will affect the price of the apartment to the buyer? Delete
Shmulik, tri county flea market the answer is not black and white and is dependent on the market. If it's a cartel, then prices can remain in place even if the contractors build zero cost. If it's a competitive market so prices also fell. I am a specialist in the real estate market, but it seems the contractors (even if they are a cartel) are not a single player, there are buying groups, and individuals can hire the services of professionals and to build homes in some cases. Sliridt this effect is probably a cost. A. Delete
Shmulik: tri county flea market House prices are expensive because of the costs. Not because of offer and demand. For example, if the price of bread will be very expensive, people will buy 10 loaves of bread out of 100 offer, the price of X. If taxes went down (costs), 70 people tri county flea market will buy cheaper bread - 0.5X. 0.5X * 70> 10 * X. Buyers and sellers earn profits discounter. - Delete
No one will lower prices. Price of a barrel of oil fell by 50% and the price of fuel, which previously occurred due to quantum
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